3632-3642 Jeannine Dr - Freestanding FOR SALE


Colorado Springs, CO 80917- Palmer Park
$850,000 USD
719-337-9551
3632-3642 Jeannine Dr, Colorado Springs, CO for Sale
$850,000 USD
Freestanding - FOR SALE
1/11
null | 5.29% Cap Rate

3632-3642 Jeannine Dr
Colorado Springs, CO 80917
Palmer Park


OVERVIEW

NOW FOR SALE: 3634 – 3642 Jeannine Drive. This is an exceptional investor or user opportunity. The Jeannine Center is a small retail strip center located near Academy & Austin Bluffs. There are 5 rental units all paying below market rents. All leases are purposefully month-to-month with long-term tenants who all wish to remain in tenancy. The building is 8,100 SF on 25,000 SF of C5 CR zoned land. Each unit has a retail style front area and a rear overhead door. The tenants are a steady mix of mom & pop business with track records of consistent rent payment. The roof is in the process of a hail loss insurance claim and four of the five RTUs were just replaced. There is no know other expected capital improvements anticipated. The asking price: $850,000 The NOI: $45,000 The CAP Rate: 5% For a private showing and the confidential financial information, call Tim Leigh 719-337-9551 or Holly Trinidad 719-337-0999

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$105 USD /SF

CAP RATE

5.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

C5, Colorado Springs

APN/PARCEL ID

63274-02-033

ASK ABOUT THIS PROPERTY

Timothy LeighHoff & Leigh Colorado Springs, LLCMore Info
719-337-9551

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Timothy LeighHoff & Leigh Colorado Springs, LLCMore Info
719-337-9551

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.